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Bronzeville Multifamily Investment Opportunity

4927 S Prairie Ave, Chicago, IL 60615

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For Sale

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Ten-unit building in Chicago's Bronzeville neighborhood, near CTA Green Line.

Type:Multifamily

Property size:

10,850 SF

Price / SF:

$179/SF

HighLights

High 7.67% current Cap Rate and 7.92% Cash Return with potential to increase through rent adjustments.
Located in the rapidly expanding and historic Bronzeville neighborhood.
Convenient access to downtown via the nearby CTA Green Line (2 blocks to 47th Street station).
Desirable unit mix with larger 3Bd/1.5Ba units.
Tastefully updated kitchens and baths in all units.
Recent capital improvements including individual furnaces & water tanks and in‑unit laundry.

We can help!

Contact an agent

Noah Birk

For Sale

Contact for pricing

Ten-unit building in Chicago's Bronzeville neighborhood, near CTA Green Line.

Type:Multifamily

Property size:

10,850 SF

Price / SF:

$179/SF

Added:: Feb 23, 2026
Days on Market:: 135
Last Refresh:: Jul 4 at 2:52 pm

Property Features for 4927 S Prairie Ave

General Information

Standard status: Active
Size: 10,850 SF
Property subtype: Multifamily

We can help!

Contact an agent

Noah Birk

Listing office Kiser Group

Listing date Feb 23, 2026

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Kiser Group

HighLights

High 7.67% current Cap Rate and 7.92% Cash Return with potential to increase through rent adjustments.
Located in the rapidly expanding and historic Bronzeville neighborhood.
Convenient access to downtown via the nearby CTA Green Line (2 blocks to 47th Street station).
Desirable unit mix with larger 3Bd/1.5Ba units.
Tastefully updated kitchens and baths in all units.
Recent capital improvements including individual furnaces & water tanks and in‑unit laundry.

Overview

This ten-unit walk-up building is located in the Bronzeville neighborhood on Chicago’s South Side. The property is situated approximately two blocks from the CTA Green Line “L” station at 47th Street, providing convenient access to downtown and surrounding areas. The unit mix includes one studio, one 1-bedroom/1-bathroom, two 2-bedroom/1-bathroom, and six 3-bedroom/1.5-bathroom units. All units feature spacious layouts and updated kitchens and baths. Recent capital improvements include individual furnaces and water tanks, in-unit laundry, copper plumbing, and newer porches. The property size is 10,850 square feet. This stabilized asset is located in Chicago's historic Bronzeville neighborhood.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$319.0k	$29.40
− Vacancy	−$16.6k	−$1.53
EGI	$302.4k	$27.87
− OpEx	−$136.1k	−$12.54
NOI	$166.3k	$15.33

10,850 SF · lease $29.40/SF/yr · vacancy 5.20% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$2.38M

$2.08M – $2.77M (±1% cap)

NOI $166,321 @ 7.0% cap · market cap 8.53%

Second Best

—

no second resolved use

Theoretical Best

Office A

$5.12M

$4.48M – $5.97M (±1% cap)

NOI $358,102 @ 7.0% cap · market cap 18.36%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Chicago
County: Cook
State: Illinois
Longitude: -87.6190041
Latitude: 41.8048644

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For sale
Apartment buildings
IL
Chicago
60615
4927 S Prairie Ave

What type of property is this?

Apartment building - Ten-unit building in Chicago's Bronzeville neighborhood, near CTA Green Line.

Where is this apartment building located?

The property is located at 4927 S Prairie Ave Chicago, IL.

What is the asking price?

The asking price for this property is $1,950,000.

What are key features of this property?

This property features: High 7.67% current Cap Rate and 7.92% Cash Return with potential to increase through rent adjustments.; Located in the rapidly expanding and historic Bronzeville neighborhood.; Convenient access to downtown via the nearby CTA Green Line (2 blocks to 47th Street station).

4927 S Prairie Ave, Chicago, IL 60615

Ten-unit building in Chicago's Bronzeville neighborhood, near CTA Green Line.

Property Features for 4927 S Prairie Ave

General Information

We can help!

HighLights

Overview

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Renovated Chicago Industrial Flex Warehouse

Turnkey Restaurant Venue with PPA License

Turnkey Restaurant Venue with PPA License

Turnkey Restaurant Venue with Licenses

Turnkey Restaurant Opportunity in Chicago

Prime Retail Space in Chicago

Chicago Office Building with Parking

Convenience Store Retail Building with Parking

Chicago Commercial Buildings For Sale

Fulton River District Commercial Loft

Wicker Park Corner Retail Building

Corner Retail Suite in New Elevator Building

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